TPI Composites

TPI Composites extended its supply agreements with GE Renewable Energy through 2025, with plans to collaborate on next-generation blade types and potentially add more production lines in 2023.

TPI Composites has signed an agreement with GE Renewable Energy to secure a 10-year lease extension of its Newton, Iowa facility for wind turbine blade production, with production expected to start in 2024.

Vestas has signed a multi-year supply agreement with TPI Composites to produce V150-4.2 MW turbine blades. TPI will set up four manufacturing lines at its new factory in Yangzhou, China, with production scheduled to commence in the first half of 2019.

TPI Composites expects to open a new U.S. manufacturing facility in Newton, Iowa in the first half of 2018 to support its supply agreement with Proterra for composite bus bodies.

TPI Composites entered into a five-year supply agreement with Proterra to be the supplier of composite bus bodies for Proterra's Catalyst zero-emission electric buses from its existing Rhode Island facility and a new facility in Newton, Iowa expected to open in the first half of 2018. TPI will provide capacity for up to 3,350 bus bodies over the five-year period.